North Forty Two & Co. Makes New $218,000 Investment in iShares TIPS Bond ETF (NYSEARCA:TIP)

North Forty Two & Co. bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,048 shares of the exchange traded fund’s stock, valued at approximately $218,000.

Other hedge funds have also recently modified their holdings of the company. GenTrust LLC grew its position in shares of iShares TIPS Bond ETF by 0.9% during the 3rd quarter. GenTrust LLC now owns 196,162 shares of the exchange traded fund’s stock valued at $21,670,000 after acquiring an additional 1,804 shares during the period. JPMorgan Chase & Co. grew its position in shares of iShares TIPS Bond ETF by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after acquiring an additional 51,713 shares during the period. Sterling Financial Planning Inc. grew its position in shares of iShares TIPS Bond ETF by 70.6% during the 4th quarter. Sterling Financial Planning Inc. now owns 25,000 shares of the exchange traded fund’s stock valued at $2,664,000 after acquiring an additional 10,345 shares during the period. Merit Financial Group LLC grew its position in shares of iShares TIPS Bond ETF by 167.4% during the 4th quarter. Merit Financial Group LLC now owns 5,084 shares of the exchange traded fund’s stock valued at $542,000 after acquiring an additional 3,183 shares during the period. Finally, M&T Bank Corp grew its position in shares of iShares TIPS Bond ETF by 7.1% during the 4th quarter. M&T Bank Corp now owns 44,934 shares of the exchange traded fund’s stock valued at $4,788,000 after acquiring an additional 2,993 shares during the period.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $109.57 on Wednesday. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06. The firm has a fifty day moving average price of $108.44 and a 200-day moving average price of $108.53. The company has a market cap of $14.27 billion, a price-to-earnings ratio of 12.32 and a beta of 0.28.

iShares TIPS Bond ETF Profile

iShares TIPS Bond ETF (the Fund), formerly iShares Barclays Treasury Inflation Protected Securities Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the Index).